Famous Dave's vs Mighty Quinn's Barbeque Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Famous Dave's vs Mighty Quinn's Barbeque including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$481,750 - $4,495,750 | $494,317 - $896,334 |
Franchise Fee |
$45,000 | $45,000 |
Royalty Fee |
5% | 5% |
Advertising Fee |
1%Nat'l + 1.5% local | 1% |
Year Founded |
1995 | 2012 |
Year Franchised |
1998 | 2018 |
Term Of Agreement |
20 years | - |
Term Of Agreement |
20 years | - |
Renewal Fee |
50% of then-current fee | - |
Business Experience Requirements |
Experience |
* Prefer Ownership/management experience in full service, casual dining restaurants, in or near the desired territories.
* Multi unit experience is a big plus.
* Single units will be considered depending on market conditions, demographics and other criteria.
* If Area Development Agreement is chosen, minimum of three units required to be developed.
* Minimum LIQUID net worth of $750,000.
* Minimum per unit development costs could range from approx $900,000 to $4,000,000.
* Proven commitment to customer service and quality food.
| We are looking for multi-unit franchisees or qualified investors with an established operating team. A passion for food and hospitality are the two most important traits in prospective franchisees. |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | -/- |
Start-up Costs |
No/No | -/- |
Equipment |
No/Yes | -/- |
Inventory |
No/No | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
- | Mighty Quinn’s will host your corporate and restaurant team at our training kitchen in New Jersey for extensive course work in production, systems and protocol. Franchisees will also spend time in Mighty Quinn’s restaurants during this process. An additional 2 weeks (one week prior and one week following the opening of your first restaurant) of training will be provided in your local market. Training tools and operational guidance will be provided to the franchisee throughout the process. |
Support |
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing |
Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
Franchisees required to buy multiple units/master licenses; 84% of all franchisees own more than one unit Number of employees needed to run franchised unit: 65
Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators) | - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
No | - |
International Expansion |
No | Yes |
Company Overviews
About Famous Dave's
Famous Dave's is a "specialty" casual dining restaurant franchise, creating environments that transcend current restaurant offerings by serving the highest quality, flavor-intense foods in surroundings that are stimulating, interesting and fun! Famous Dave's is more than a restaurant - it's an escape from the ordinary.
Few restaurants in history have achieved as much recognition in a few short years as Famous Dave's!
Dave's road to fame began with a strong hankerin' for fine barbecue and a stronger desire to make the finest slow-smoked barbecue folks had ever tasted. He visited rib shacks, roadside joints, every hole-in-the-wall or fancy pants supper club he could, all in search of the most succulent meats, savory seasonings and lipsmackin' sauces around.
After 25 years of tastin' and cookin', Dave's barbecue just plain knocked the socks off his family and friends. That's when Dave decided he had to share. He wanted to give all the folks a chance to dig into the best barbecue ever. And in a place as down-home fun and frolicsome as the shacks and clubs he went a callin' on all those years.
#57 in Gator's Top franchises.
#96 on Franchise Rankings.com
About Mighty Quinn's Barbeque
Mighty Quinn’s Barbeque was founded in 2011 with the belief that great barbeque should be more available in New York City which has one of the most diverse culinary offerings in the world. Co-founders Christos Gourmos, Micha Magid and Hugh Mangum set out to change this and have now grown the brand to 10 locations including a restaurant in the iconic Yankee Stadium and 5 locations internationally.
They set out to create a brand that supported what was most important to themselves and their customers; serving all-naturally raised meats, using fresh ingredients and supporting an environment where great customer service was just as important as the food. Having set the standard in our
category we’re now looking for like-minded restaurateurs and
entrepreneurs to join us in growing our brand across the country.
Our fast casual format allows the business to thrive as both the best BBQ restaurant in the neighborhood but also a place to grab a meal in under 10 minutes.
Our phenomenal slow smoked bbq, efficient service strategy, lean labor model and scalable operating plan will allow operators to quickly expand in their markets.
Mighty Quinn's Barbeque has worked to establish Mighty Quinn’s as the category leader in
fast casual barbeque. What started as a single restaurant in the East
Village of Manhattan has grown into a brand with international locations
and a national media presence with features on the Food Network, The
New York Times and many other influential media platforms. Our mission
is to continue building on this momentum in new markets with our
franchisee partners.